State Of Florida Minimum Wage 2024 Average. This is due in part to its high minimum wage, which increased from $15.74 in 2023 to $16.28 this year. The current federal minimum wage is $7.25 per hour and has been since 2009.
What will florida’s minimum wage be in 2024? Download, graph, and track economic data.
Minimum And Living Wage Dashboard.
The state law excludes from coverage any employment that is subject to the federal fair labor standards act when the federal rate is greater than the state rate.
Beginning In 2027, The Minimum Wage Rates Will Be Adjusted Annually For Inflation.
The florida minimum wage is scheduled to increase by $1.00 every year until it reaches $15.00 per hour in 2026.
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The Tipped Wage Is $8.98 Per Hour.
The current minimum wage rate in florida is currently set to $12 per hour, but after voters approved a state constitutional amendment in 2020, the minimum wage rate will increase every year until it reaches $15 per hour by 2026.
The Most Recent Hike To The Federal Minimum Wage Occurred On July 24, 2009, Back When Former President Barack Obama Was Still In His First Year In Office And The Black Eyed Peas Topped The Billboard Charts.